EIA Sees Higher U.S. Wholesale Power Prices in 2025 NEW YORK (Reuters) - The U.S. Energy Information Administration has forecast higher wholesale power prices for 2025 across the country's ...

EIA expects crude oil production to increase in 2025 and 2026, both globally and in the United States. EIA estimates U.S. crude oil production averaged a record 13.2M barrels per day in 2024 and ...

In 2026, prices at the pump will fall further, to an annual average of $3.00 per gallon, the EIA said. The lower gas prices largely reflect the agency's forecasts for lower crude oil prices amid a ...

The EIA said it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026. The EIA slightly raised its estimate for record U.S. oil ...

Fri, 31 Jan 2025 14:07:59 GMT On January 8, 2025, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage declined by -40 Bcf from the previous week ...

In the outlook, the EIA predicted weaker oil prices this year and next, citing expectations that OPEC will roll back its production cuts and non-OPEC oil producers will continue raising their ...

The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy outlook. The U.S. Energy Information Administration (EIA) revealed its ...

EIA expects growth in oil production during 2025 to be led by countries outside of OPEC+, increasing by 1.6 million b/d before slowing to growth of less than 900,000 b/d in 2026. “We expect ...

That’s more than twice as large as the 300,000 barrel-a-day surplus the agency projects for this year. The EIA had forecast a small supply deficit this year in last month’s report.

Today's weaker dollar is bullish for energy prices. Crude prices extended their gains after weekly EIA crude inventories fell more than expected to a 2-3/4 year low. Gasoline prices also ...